Budgeting in a Self-Managed Building Can Be Overwhelming

When Judy Levine was recruited as treasurer at 177-179 Duane Street in Tribeca in 1994, the board thought her day job – as executive director of Cause Effective, a nonprofit organization that helps other NPOs raise money – would give her a leg up.  But when she started tackling her first budget for the self-managed 10-unit co-op, Levine discovered that her skills were going to be put to the test. Capital expenses and operating expenses had been lumped together, making big line items impossible to decipher.     Read the article………………